25-Year-Old Genius Programmer's Startup Valued at $250 Million in Just 7 Months

Ruan Yubo, a young person born in 1996, has shown extraordinary talent in technology since childhood. He began self-studying computer programming at the age of 6 and won multiple technology invention awards and patents during his high school years. These include the first prize at the Microsoft Imagine Cup, the championship at the Nuremberg Inventors' Competition in Germany, and the first prize at the National Robot Competition, among other honors.

At the age of 17, while still in high school, Ruan Yubo began his entrepreneurial journey by founding a company focused on developing financial education hardware for children. At 21, he established an investment firm in Silicon Valley, USA, specializing in investing in cutting-edge technology, managing a fund size of over $60 million. This firm was later ranked as one of the top ten blockchain investment funds.

Despite being busy with entrepreneurship and investments, Ruan Yubo did not give up on his studies. He attended Boston University, the University of Pennsylvania, and Stanford University, studying majors such as computer science, finance, and economics.

In 2021, 25-year-old Ruan Yubo started his business again and founded Parallel Finance. This is a decentralized finance ( DeFi ) parachain project built on the Polkadot ecosystem. Just 7 months after its establishment, Parallel Finance secured strategic financing led by well-known investment institutions, achieving a post-investment valuation of $250 million.

Investors have full confidence in Ruan Yubo and his team. They believe that the platform established by Parallel Finance in a short time makes DeFi more accessible to institutional and retail investors, and has the potential to promote DeFi to billions of users.

Ruan Yubo is full of expectations for the future of blockchain technology. He believes that blockchain is the next generation of the internet and may even bring about a larger scale of social cooperation than the internet. He predicts that in the next decade, most companies will exist in the form of decentralized collaboration or will build applications on blockchain networks.

In Yuan Yubo's view, blockchain technology will empower users with more rights and fundamentally change existing business models. Users will become part of the platform, have voting rights, and share more benefits through smart contracts.

Although the blockchain industry has experienced ups and downs, Ruan Yubo still firmly believes in its potential. He pointed out that the current development of blockchain is mainly restricted by regulation and technology, and this process is expected to take 5 to 10 years. He believes that the financial industry will be the first to be affected, followed by other internet industries that will integrate with blockchain in some form.

Since starting his entrepreneurship at the age of 17, Ruan Yubo has faced pressures and challenges that few of his peers have experienced, even as he has achieved success. He candidly admitted that he once considered giving up, especially when facing management and operational issues during his first venture. However, along the way, he has felt a tremendous sense of accomplishment and now fully enjoys the journey.

Ruan Yubo stated that his idol during high school was Steve Jobs, who inspired his entrepreneurial ideas. In the future, this young entrepreneur will continue to pursue his dreams in entrepreneurship, investment, and technology, contributing to the development of the blockchain and DeFi industries.